In January, Cigaro Corp. agrees to a contract to sell 14,000 sports caps for $140,000 to Dilly, Inc. In March, after 5,000 caps have been delivered, Cigaro and Dilly modify the agreement to sell an additional 6,000 caps for $33,000 which is significantly lower than Cigaro's stand-alone selling price at that time. During April, Cigaro delivers 2,000 caps. How much revenue will Cigaro recognize for the month of April?

A) $15,500

B) $17,300

C) $11,000

D) $16,400

Answer rating: 100% (QA)

Price of 5000 caps delivered in March 140000 14000 5000 50000 Price ... View the full answer